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financial problem vs economic difficulty

Both "financial problem" and "economic difficulty" are correct phrases, but they are used in slightly different contexts. "Financial problem" is more commonly used to refer to issues related to personal finances or specific financial situations, while "economic difficulty" is often used in a broader sense to describe challenges faced by a country or a larger economic entity.

Last updated: March 26, 2024 • 779 views

financial problem

This phrase is correct and commonly used to refer to issues related to personal finances or specific financial situations.

This phrase is used to describe a situation where there are difficulties or challenges related to money, investments, or financial resources.

Examples:

  • I am facing a financial problem and need to find a way to increase my income.
  • The company encountered a financial problem due to unexpected expenses.
  • She sought help from a financial advisor to solve her financial problems.
  • The family is struggling with financial problems after the loss of a job.
  • The government is working on solutions to address the financial problems in the healthcare system.
  • Thus the proposal would solve the financial problem threatening eastward enlargement.
  • There is also a financial problem in the Council.
  • The government is suffering from a financial problem too.
  • In summary, all the negative aspects of the Commission's proposal boil down to a financial problem resulting from the intention to carry out enlargement with no additional budget.
  • I wanted to talk a little about the financial problem and the cost/benefit issue.
  • This is not only a financial problem but it is also extremely harmful for the reputation of the agricultural sector and the Union.
  • I fully agree with your concern - in my view, counterfeiting is much more than a financial problem.
  • I do understand that there is a huge problem with interpretation and a financial problem, but maybe you have to set some priorities.
  • This is indicative not only of a difference of mentality but also of a structural financial problem.
  • As I told you, this is not a financial problem
  • In this instance, however, we are not dealing with a simple financial problem, such as often crops up with programmes or projects in other policy areas.
  • And if you actually did this, Glenn, you have done more than just solve the financial problem of this hospital.
  • I, however, shall comment on the financial problem because, as we all know, the biggest bone of contention between Parliament and the Council from the outset was the budget to support this policy.
  • You'll be happy to know that at this very minute... my lawyers are working on the Sebastian Venable Memorial subsidize the work of young people like yourself... who are pushing out the frontiers of art and science... but have a financial problem.
  • Mr President, I too should like to thank the Commissioner for this important statement which, in terms of pensions at European level, represents a fresh social challenge with financial implications, as opposed to a financial problem accompanied by a number of social aspects.
  • On the one hand, it took too timid an approach to the declaration in the minutes of the interinstitutional agreement and entered into international multiannual commitments while wanting to solve the financial problem for the year 2000 alone during the initial stage.
  • That is not our responsibility; our responsibility is to try to help solve a financial problem.
  • Citizens who have worked, and paid their social security contributions, for a long period in another EU Member State often find that returning to their home country presents them with a major financial problem.
  • Why is ENISA facing this particular financial problem, resolving which requires a sum of EUR 6.3 million from the Greek national budget?
  • Only if we fail to solve our financial problem.

Alternatives:

  • financial issue
  • financial challenge
  • financial difficulty
  • financial crisis
  • financial setback

economic difficulty

This phrase is correct and commonly used to describe challenges faced by a country or a larger economic entity.

This phrase is used to refer to a situation where there are struggles or problems related to the overall economy of a country, region, or organization.

Examples:

  • The country is experiencing economic difficulties due to a decline in exports.
  • The company is trying to overcome the economic difficulties caused by the recession.
  • The region faced severe economic difficulties after the natural disaster.
  • The government implemented policies to address the economic difficulties in the market.
  • The organization is facing economic difficulties as a result of changing market conditions.
  • This money is going into the pockets of organised crime at a time of serious economic difficulty.
  • I would emphasise the excellent work done by the EIB in support of small and medium-sized enterprises in a period of economic difficulty and difficult access to loans.
  • This trend is particularly dangerous because it is happening against a background of grave economic difficulty.
  • In these times of economic difficulty especially, it is important to support SMEs and help them to develop.
  • In my opinion, it is unwise to impose additional financial burdens on businesses at a time of economic difficulty.
  • I said quite late yesterday evening in this Chamber that, at this time of crisis and economic difficulty, we cannot afford not to make use of all potentialities.
  • It is a legislative success because, at a time of serious economic difficulty and important environmental challenges, a logical, realistic and balanced solution is being promoted.
  • Mr President, Commissioner, during times of economic difficulty we all have a responsibility to seek solutions, and to find ways of promoting progress and development.
  • The proposal voted on by Parliament is already a compromise, albeit unsatisfactory, on the Commission's original proposal and does not take account of the problems of countries in economic difficulty, particularly the outermost regions.
  • I share the Italian Government's highly critical view: it believes that, at a time of great economic difficulty such as we are experiencing now, the political decision to strike at an economic sector that underpins our market is far from wise.
  • This is about the safety of power stations, but it must also be about the security of provision throughout the European Union, so that no country finds itself in economic difficulty.
  • More surprising, however, is the fact that the average level was higher in two countries known to be in serious economic difficulty, namely Greece (EUR 29160) and Spain (EUR 26316), followed by Cyprus (EUR 24775).
  • whether any other potential aid plans are already being discussed with a view to assisting Member States in serious economic difficulty?
  • whereas the global explosion in fuel and food prices has created serious economic difficulty and raised concerns about the prospect of social unrest,
  • Nearly a third of the budget is set aside for structural policy, in order to help regions in economic difficulty overcome their problems and make up economic ground, especially through the Cohesion Fund.
  • (8a) The facility should not constitute a precedent with regard to the use of the Union budget and possible future funding measures, including in the energy sector, but should be considered rather as an exceptional measure adopted during a period of economic difficulty.
  • The facility should not constitute a precedent with regard to the use of the general budget of the Union and possible future funding measures, including in the energy sector, but should be considered rather as an exceptional measure adopted during a period of economic difficulty.
  • The crisis has shown just how great the risk of contagion is - particularly for the countries in the euro area - when one Member State finds itself in serious economic difficulty and how quickly this spreads to the rest of the countries.
  • We believe that, at a time of great economic difficulty, the political decision to strike at an economic sector that underpins our market purely in order to make money is not very wise.
  • Does the Commission feel that, particularly in a period of serious economic difficulty, consumer interests are best defended by safeguarding competition, including competition in the electronic communications sector, rather than by resorting to market protectionism?

Alternatives:

  • economic problem
  • economic challenge
  • economic crisis
  • economic setback
  • financial crisis

Related Comparisons

financial difficulty vs financial difficulties difficulty vs complexity complesity vs difficulty economic difficulties vs financial difficulty financial hardship vs financial difficulty selfless vs maturing

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